Linqto, a U.S.-based private investment platform and shareholder in crypto firm Ripple, filed for Chapter 11 bankruptcy on Monday following months of controversy, federal investigations, and mounting legal challenges over its handling of private equity offerings.
The company, which enabled retail investors to purchase shares in pre-IPO companies like Ripple through series limited liability companies (LLCs), made its filing in the U.S. District Court for the Southern Distric